Professor Liu Xiaochuan, executive dean of our institute, interviewed the overseas edition of people's daily on "less and less burden for enterprises"

Recently, the State Administration of Taxation introduced the implementation of tax reduction and fee reduction by the tax authorities in the first three quarters of this year, the organization of tax revenue, the deepening of the reform of deregulation services and the optimization of the tax business environment. According to the latest data, in the first three quarters of this year, a total of 1783.4 billion yuan of tax cuts and fee reductions were added nationwide, including 1519.9 billion yuan of tax cuts and 272.5 billion yuan of new social insurance premiums. Analysts pointed out that with the deepening of tax reduction and fee reduction measures, Chinese enterprises, especially private, small and micro enterprises and start-ups, enjoy real dividends. The fact that enterprises come to the front in a light manner will help to further stimulate the micro vitality of China's economy.

Since this year, tax reduction and fee reduction have achieved tangible results. According to Cai Zili, director of the revenue planning and accounting department of the State Administration of Taxation, since the implementation of the tax reduction policy, the tax department has continued to carry out follow-up investigation to understand the feelings of various types of enterprises on the tax reduction policy. Through analysis, the effect of tax reduction and fee reduction policy is mainly reflected in five aspects:

First, tax reduction and fee reduction took root, stabilizing the economic development expectations. Under the complex and changeable economic situation at home and abroad, the policy of tax reduction and fee reduction has fully played the role of counter cyclical adjustment. According to the survey data of the tax authorities, 92.2% of the taxpayers believe that the tax reduction has a positive impact on the production and operation activities of enterprises, which has boosted the confidence of market entities.

Second, R & D investment has increased rapidly, which has stimulated the vitality of scientific and technological innovation. In the first three quarters, 45% of manufacturing taxpayers used tax reduction and fee reduction dividends to increase R & D investment.

Third, the private economy enjoys a deep dividend, which strengthens the foundation for a better development. In the first three quarters, private economic taxpayers, including private enterprises and the individual economy, increased tax cuts by 964.4 billion yuan, accounting for 64% of the total tax cuts, benefiting the most.

Fourth, the improvement of residents' consumption ability has promoted the growth of social consumption. In the first three quarters, 442.6 billion yuan of tax reduction was added to the reform of personal income tax, and 1764 yuan of tax reduction per capita was accumulated, which improved the consumption ability of residents.

Fifthly, the vitality of market subjects has been stimulated, which has contributed to the stability of social employment. According to the data of the State Administration of Taxation, in the first three quarters, 7.767 million new market entities (including individual industrial and commercial households) have handled tax related matters, with an average monthly increase of 863000. The policy of tax reduction and fee reduction has enhanced the willingness to start a business, increased the activity of market subjects and created more jobs.

In the first three quarters of this year, compared with the same period of last year, the tax burden level of various industries decreased to different degrees. For example, the newly added tax reduction of manufacturing industry is 473.8 billion yuan, accounting for 31.36% of the total newly added tax reduction, and the industry tax burden is down 1.08 percentage points year on year; the newly added tax reduction of wholesale and retail industry is 325.8 billion yuan, accounting for 21.56% of the total newly added tax reduction, and the industry tax burden is down 3.27 percentage points year on year. For example, in the construction industry, transportation, storage and postal industry, a total of 117.9 billion yuan of tax reduction was added, accounting for 7.8% of the total tax reduction. The tax burden of these two industries decreased by 0.63% and 0.35% respectively year on year.

In an interview with the people's Daily Overseas Edition, Professor Liu Xiaochuan, executive director of the Institute, said that in the first three quarters of this year, the national general public budget revenue exceeded 15 trillion yuan, and the cumulative increase in tax reduction and fee reduction amounted to 1783.4 billion yuan. Therefore, in terms of proportion, this reduction is still considerable. Reducing taxes and fees is a direct reflection of active fiscal policy. The focus is on the government's over tightening, reducing the burden on enterprises, mobilizing the enthusiasm of market players, so as to encourage entrepreneurship and innovation, boost investment, and further promote better economic development.  Professor Liu Xiaochuan said that at the micro level, the first three quarters of this year's tax reduction and fee reduction measures have shown initial positive impact on enterprise innovation, attracting foreign investment, and residents' employment; at the macro level, there is usually a lag period from the transmission of tax reduction and fee reduction measures to the overall economic growth, so more macro effects of this year's tax reduction and fee reduction need to be further observed next year.